What Did This CEO Just Do with Personal Shares of Eversource Energy (NYSE: ES)?

By Carrie Williams

Today, the Chrmn of Bd, President & CEO of Eversource Energy (NYSE: ES), Thomas J. May, sold shares of ES for $11.02M.

Following Thomas J. May’s last ES Sell transaction on October 07, 2016, the stock climbed by 0.8%.

Based on Eversource Energy’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.04 billion and quarterly net profit of $265 million. In comparison, last year the company earned revenue of $1.93 billion and had a net profit of $236 million. The company has a one year high of $60.44 and a one year low of $48.18. ES’s market cap is $16.88B and the company has a P/E ratio of 18.94.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $58.00, reflecting a -9.8% downside.

The insider sentiment on Eversource Energy has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission and Natural Gas Distribution. The Electric Distribution segment is engaged in the distribution of electricity to retail customers. The Electric Transmission segment maintains and operates transmission facilities. The Natural Gas Distribution segment transmits and distributes natural gas to retail customers. The company was founded on July 1, 1966 and is headquartered in Springfield, MA.